Property forecaster predicts top suburbs for capital growth

first_imgFERNY HILLS (76) $546,398EATONS HILL (75) $596,789STRATHPINE (74) $411,039*** SYDNEY BIRKENHEAD (79) $413,460O’HALLORAN HILL (78) $373,227REYNELLA (78) $330,327*** BRISBANE And in Strathpine, there is a number of affordable properties to buy and strong rental demand.CoreLogic data shows that the median sales price is $405,000, with houses on the market for 14 days on average.“There’s always good demand from tenants in Strathpine as well,” Mr Sheppard said. “It has easy access to the Bruce Highway which also connects to the Gateway Arterial, so it’s highly accessible.“The development of the new university in nearby Petrie may also help drive tenantdemand and boost yields.“Our research shows vendors are getting close to their asking price – a sure signdemand for Strathpine housing is strengthening.” More from newsParks and wildlife the new lust-haves post coronavirus16 hours agoNoosa’s best beachfront penthouse is about to hit the market16 hours agoThe Public Trustee is selling 38 Samsonvale Rd at Strathpine – a large two-storey brick and tile home on a 597sq m lot.It is on the market for $410,000 negotiable. FOR SALE 38 Samsonvale Rd StrathpineLocationScore is an index that gives every Australian suburb a score out of 100based on analysis of eight key indicators – demand versus supply including days on market, vacancy rates, vendor discount, rental yields, auction clearance rates, percentage of stock on the market, percentage of renters to owner-occupiers and online search interest. Each suburb’s score out of 100 reveals its strength as an investment prospect, with ascore above 62 considered good, or above 77 considered excellent.Ferny Hills received a score of 76 out of 100, Eatons Hills got 75, and Strathpine received a solid 74.“Rocketing demand relative to supply is an excellent gateway indication of a suburb’spotential for real estate price growth,” Mr Sheppard said.“By unearthing hot demand-growth zones, investors can narrow down the searcharea when looking for their next investment.” *** FOR SALE 13 Altissimo Court Eatons Hill CROMER (73) $1,555,559NARRAWEENA (73) $1,523,266GREENWICH – units (73) $827,316*** PERTH FOR SALE 18 Glenwood Place Ferny HillsAt Eatons Hill, research by LocationScore shows limited vendor discounting, a 0.98 per centvacancy rate and over 100 online views per listing.The current median house sales price is $600,000 with new listings spending about 25 days on the market.“Eatons Hill is a mix of newer contemporary detached homes on 700-plus squaremetre sites, along with acreage style, rural-residential holdings,” Mr Sheppard said.“There are certainly some high-quality homes in this location, but you’ll also findaccessibly priced older stock as well – and our numbers show demand for familydwellings in Eatons Hill is strong.”Ray White Albany Creek agent Bonnie Worth has listed 13 Altissimo Court at Eatons Hill. The five bedroom house is on the market to offers above $619,000, and comes with a pool and entertaining area on a 679sq m block.“Eatons Hill has been consistent in terms of price but what is really holding the value is the really good local school catchment,” she said. “In regards to time on market, it can be anything between 24 hours and 21 days.“One property we sold had 30 potential buyers through and seven offers and the vendors made a good profit.”Ms Worth said Eatons Hill was “a tough market to get in to”, and buyers should make contact with local agents who could help source a property off-market.center_img BAXTER (83) $534,604DINGLEY VILLAGE (79) $858,012GLADSTONE PARK (79) $646,853*** ADELAIDE FOR SALE 18 Glenwood Place Ferny Hills is on the market, with the suburb tipped for solida capital growth in coming monthsTHREE North Brisbane suburbs have been named among the nation’s top 15 suburbs for capital growth.Property forecaster LocationScore is predicting strong capital growth for Ferny Hills, Eatons Hill and Strathpine, earmarking those suburbs for a rise in house sales prices.“Ferny Hills is offering an excellent option for those looking to short-list locations fortheir next Brisbane purchase,” Mr Sheppard said.“Housing has a median price of just $546,000 – with good quality family houses ondecent-sized suburban blocks surrounded by desirable shopping and lifestylefacilities as well as easy access to the train station at Ferny Grove.“With online search interest of almost 200 hits per listing, sellers don’t have long towait before they receive a healthy offer in Ferny Hills, so prices are being drivenupward.”LocationScore.com.au director of research Jeremy Sheppard said Ferny Hills offered an excellent option for those looking to short-list locations for their next Brisbane purchase.“Housing has a median price of just $546,000 – with good quality family houses ondecent-sized suburban blocks surrounded by desirable shopping and lifestyle facilities as well as easy access to the train station at Ferny Grove,” he said.“With online search interest of almost 200 hits per listing, sellers don’t have long towait before they receive a healthy offer in Ferny Hills, so prices are being drivenupward.”Houses in Ferny Hills spend an average of just 15 days on the market, according to the latest research from CoreLogic.Harcourts Solutions agent Marcel Du Plessis is marketing 18 Glenwood Place at Ferny Hills.The two-storey character house has four bedrooms and sits on an elevated 1200sq m block.“It is now under contract pending a few conditions and we are working through that,” he said.“It was on the market fabout 10 to 14 days before going under contract.“We have about 40 enquiries about that property alone, and there are people in the wings with another offer if the contract falls through.“We sold one around the corner which went for just under $800,000. This one is in that range, in excess of $800,000.“There are houses selling well above the median sales price in Ferny Hills … the area is in demand with families wanting a bigger block.” Suburb – LocationScore – Median*** MELBOURNE TOP 15 SUBURBS TIPPED FOR CAPITAL GROWTH BIBRALAKE (66) $515,164KINGSLEY (66) $563,375GLENFORREST (64) $505,728last_img

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